What are the important dates that I should know in Taxation?

Last Date for filing Income Tax Return:

31^st July

For individual tax filers and salaried employees

For F.Y. 2015-16, the last date for filing Income tax return is 31^st July 2016.

30^th September

For Corporate/any other tax return that requires an audit u/s 44AB/If you are a partner in a firm that requires an audit u/s 44AB

For F.Y. 2015-16, the last date for filing Income tax return is 30^th September 2016.

Last Date for filing Revised Income Tax Return:

31^st March 2017

The return for F.Y. 2014-15 can be filed up to 31^st March 2017

Due dates for Instalment of Advance Tax

For Non-Corporate Assessee

15^th September

30% of the Assessed Income

15^th December

60% of the Assessed Income

15^th March

100% of the Assessed Income

Due Dates for TDS Payment

Due Date for TDS payment in case of Govt. Assessee

7^TH of Next month

Tax deposited with Challan

Same day

Tax deposited without Challan

Due Date for TDS payment in case of Non-Govt. Assessee

30^th April

Tax deductible in March

7^th of next month

Other months and Tax opted to be deposited by the employer.

Due date for Quarterly payment of TDS as permitted under Section 192, 194A, 194D or 194H

7^th July

For Quarter ending 30^th June

7^th October

For Quarter ending 30^th September

7^th January

For Quarter ending 31^th December

30^th April

For Quarter ending 31^st March

Note*: Under section 192(1A), the payment has to be made within seven days (7 days) of the last day of the month in which the deduction is made or income-tax is due.

Due Dates for TDS/TCS Return

Due date for submission of quarterly TDS return ( Form 24Q & 26Q & Form 27Q)

Govt. Deductors

31^th July

For Quarter ending 30^th June

Form 24Q is for Return of TDS details on Salary Payments.

31^th October

For Quarter ending 30^th September

Form 26Q for Return of TDS details on Other than Salary Payments (Domestic).

31^th January

For Quarter ending 31^th December

Form 27Q is also for Return of TDS details on Other than Salary Payments (NRI/Foreign).

15^th May

For Quarter ending 31^st March

Due date for submission of quarterly TDS return ( Form 24Q &Form26Q & Form 26EQ & Form 27Q )

Other Deductors

15^th July

For Quarter ending 30^th June

Form 24Q is for Return of TDS details on Salary Payments.

15^th October

For Quarter ending 30^th September

Form 26Q for Return of TDS details on Other than Salary Payments (Domestic).

15^th January

For Quarter ending 31^th December

Form 27EQ is for TCS returns.

15^th May

For Quarter ending 31^st March

Form 27Q is also for Return of TDS details on Other than Salary Payments (NRI/Foreign).

Note*: Due dates for Form 27EQ is same for Both Government Deductors and other Deductors.

Due Date to issue TDS Certificates

Due Dates to issue TDS certificates (Form 16)

31^st May

Form 16 is of Salary

For F.Y. 2015-16, the last date for issuing TDS Certificate is 31^st May 2016.

Due Dates to issue TDS /TCS certificates (Form 16A & Form 27D)

Govt. Employees

15^th August

For Quarter ending 30^th June

Form 27 D is Tax Collection Certificate(TCS)

15^th November

For Quarter ending 30^th September

Form 16 A is for TDS deducted on Income other than salary

15^thFeburary

For Quarter ending 31^th December

30^th May

For Quarter ending 31^st March

Note*: Form 16 A & Form 27D is issued within 15 days from the date of furnishing the TDS return

Due Dates to issue TDS/TCS certificates (Form 16A & Form 27D)

Non Govt. Offices

30^th July

For Quarter ending 30^th June

Form 27 D is Tax Collection Certificate(TCS)

30^th October

For Quarter ending 30^th September

Form 16 A is for TDS deducted on Income other than salary

30^th January

For Quarter ending 31^th December

30^th May

For Quarter ending 31^st March